Property
Capital boost sets stage for MREIT expansion
MREIT, Inc., the real estate investment trust of Megaworld Corp., has secured regulatory approval to raise its authorized capital stock (ACS) to P8 billion from P5 billion, clearing a major hurdle as it gears up for its next round of property infusions.
Megaworld, Accor team up to rebrand Manila Bay Hotel
Megaworld Hotels and Resorts has partnered with global hospitality group Accor to rebrand the 1,530-room Grand Westside Hotel in Parañaque as Mövenpick Manila Bay Westside, set to become the world’s largest Mövenpick property.
SEC green lights Sta. Lucia’s rental pool investments
The Securities and Exchange Commission (SEC) has approved Sta. Lucia Land Inc.’s rental pool investment offerings under the agency’s streamlined SEC RENT program, which simplifies how real estate firms register non-traditional investment products.
SM to open Cebu convention center in 2026
SM Hotels and Conventions Corp. (SMHCC), the hospitality arm of SM Prime Holdings Inc., is ramping up its nationwide MICE—meetings, incentives, conventions and events--footprint with the upcoming SMX Convention Center Seaside Cebu, set to open in the fourth quarter of 2026.
Colliers predicts measured rebound for Philippine property
Colliers Philippines is projecting a measured rebound in the property market, even as the economy posts its slowest growth since 2011.
